In the Equation of Exchange, If M = $2 Trillion

question 313

Multiple Choice

In the equation of exchange, if M = $2 trillion, P = 1.5, and Q = $8 trillion

• A) the velocity of money (V) = 6.
• B) nominal GDP is $16 trillion.
• C) the velocity of money (V) = 4.
• D) real GDP is $12 trillion.

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Definitions:

Sample Size

The number of observations or participants included in a statistical sample.

Mean Value

The average of a set of numbers, calculated by dividing the sum of all the numbers by the count of the numbers.

Mode

The mode, or the value with the highest frequency, in a set of numbers.

Males

Refers to the male gender or sex, typically used in studies or statistics to denote participants or subjects that are biologically male.